MoneyGram Launches Digital Dollar App in Colombia

[cryptoenthusiast]

MoneyGram is rolling out its digital payments app in Colombia, letting locals save and transfer money in USDC stablecoins as the peso continues to weaken.

Powered by the Stellar network and Crossmint for self-custody, the service allows Colombians to:

Store funds in USDC

Send money overseas instantly

Withdraw pesos at MoneyGram branches when needed

The peso has lost nearly 12% against the US dollar since April, making dollar savings an attractive option.